Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labour, $34,000; sales salaries, $14,000; indirect labour, $10,000; indirect materials, $15,000; general corporate administrative cost, $12,000; taxes on manufacturing facility, $2,000; and rent on factory, $17,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month?

Question

Quizplus · Accepted Answer

Cost of goods manufactured = Direct materials + Direct labour + Manufacturing overhead + Beginning work in process inventory - Ending work in process inventory= $27,000 + $34,000 + ($10,000 + $15,000 + $12,000 + $2,000 + $17,000) + $16,000 - $9,000= $112,000

Green Company's Costs for the Month of August Were as Follows